Company A sells merchandise to company B for $5,700 with credit terms of 2/10, n/30. Company B returns $1,000 of merchandise that was damaged along with a check within the discounted period. What is the amount of the check?

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...
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Company A sells merchandise to
company B for $5,700 with credit
terms of 2/10, n/30. Company B
returns $1,000 of merchandise that
was damaged along with a check
within the discounted period. What is
the amount of the check?
Transcribed Image Text:Company A sells merchandise to company B for $5,700 with credit terms of 2/10, n/30. Company B returns $1,000 of merchandise that was damaged along with a check within the discounted period. What is the amount of the check?
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